How Long Can the Market Rally Last?

9/7/2012 6:30AM

Asian markets rallied on the heels of U.S. markets after the ECB takes decisive action to curb the euro zone crisis. But as the WSJ's Jake Lee tells Mariko Sanchanta, the latest rally may not mean the end to volatility.

This transcript has been automatically generated and may not be 100% accurate.

... the ... Asian markets rallied today on news that the European Central Bank's bond buying program ... and the things I now also states a surprising comeback after they announced plans on infrastructure spending ... joining me now is Jake Lee are Markets editor ... though the stock market went wild in the U S and Asian stocks predictably followed from that today ... these gains in platinum and was wasting his big Europe announcement ... Boyd's your opinion of a rescue plan that you settle high on the soul that ... and we've seen Asian stocks like a steady reading Greek what is it ... that Chinese been the star performer ... if you add all that the iam initiative by Europe is saying is can a go in and buying these bones of these troubled countries pushed down the you hope the finance of these countries in need ... but in China due for single business by the government to appease infrastructure spending we handled more subway projects ... on ... a more highways is well ... put this all together because China up with a four percent at it today to pretty good news for stocks that are still a lot of more than risk now that ... they can you tell us what China Fettig's aquifer backed infrastructure spending and unfit for another stimulus program ... well Naomi's quite using the word stimulus at that as in what it what what we saw into thousandeight two thousandnine when is just huge fine for some minor can now ... they seem to be driven out this involves hearing that the laces is that infrastructure spending but as or save umpteen other means is well by China teacher retired kickstart the economy ... he knew even just the last twenty four hours you've had or these global banks cut medical costs much of China growth ... rates to levels where it's getting to be a problem unemployment could start rising exception to chop ... yes ... that construction spending seems to be a big beast right now helping China stopped ... and China's import for the rest the region the sausage is getting a lift to sentiment these trading nations that depend on that that that the rate the health of time ... are you expecting to volatility in the market to continue our ahead if the ECB bond buying program enough to stabilize them for that and be a ... great question because I do that last month bullish Tuesday rating dropped off whine because ... people were just expecting a big Europe announcement we have that now I bought two teaspoon top college which the what if Europe and still stay true we go see a non farm payrolls in the US so much that she should that be the monthly health check on the U S economy the world's biggest ... and next week will stick with the Fed announced that two of the orders on the ninth to go public to be picking up ... ice can probably say I'm legal database that until we get through these next big events Europe reaching to pus true but still went to the US um what what happened in China will these acts to me to soak was nice to me